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How Changes To The No Win No Fee System Will Affect Ordinary People

Peter Wilson — Wed, 01 May 2013 13:28:47 +0000

On 1 April 2013, the legal landscape with regards to personal injury, changed with the implementation of the Legal Aid, Sentencing & Punishment of Offenders Act. The Act was adopted in British Law as a means of discouraging dubious, exaggerated, or manufactured, personal injury claims from being pursued; a trend which has come to blight British society and has seen the emergence of a compensation culture in the UK. In short, the Act still enables claimants to pursue a personal injury case on a no win no fee basis. If the claimant is unsuccessful, he or she is still not expected to part with any money. The Act has, however, fundamentally altered the funding model of the no win no fee arrangement in a scenario where the claimant is successful. Previously, the ‘success fee’ in addition to the successful claimant’s legal costs was covered by the losing side. However, this is no longer the case. The ‘success fee’ is, henceforth to be paid by the successful claimant, and will be deducted from their settlement figure.

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Investing your Savings the Right Way

Peter Wilson — Mon, 29 Apr 2013 18:33:07 +0000

Handling finances in the right way can sometimes seem like a bit of a challenge, especially when it’s so easy to spend money these days. Receiving a windfall often leaves savers wanting to splurge newest technology or indulge in treats, but we all know that saving is the more responsible option. While there’s nothing wrong with treating yourself once in a while, investing in your future is something you will be thankful of when you really need the money. But where do you begin? If you’re planning on leaving the money untouched for a long length of time – such as years – it’s worth putting it into a fixed-rate bond account. Stock market investments are only a good idea if you are happy to leave your money untouched for a long length of time.Investing in the stock market is only really worth doing for those with a five-year plan, given that the stock market is so changeable. Giving stocks the time to rise and fall accordingly means that there’s less chance of your money losing value.

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The Pound Coin at 30

Peter Wilson — Fri, 19 Apr 2013 19:55:27 +0000

This Sunday (21st April, 2013) marks the 30th anniversary of the launch of the £1 coin. To celebrate, MoneySupermarket has launched ‘The Story of the Pound Coin’, looking back at the history of the coin and comparing the buying power of £1 now, compared to 1983. Launched at the height of the Conservative Government, the £1 coin was reportedly disliked by the late Prime Minister Margaret Thatcher, however, its popularity, and distinctive design led to its forerunner, the £1 note, eventually being withdrawn from circulation in 1988. Although 30 years have passed since its first became legal tender, the similarities between then and now couldn’t be clearer. The UK was recovering from recession in 1983, while politically motivated chart hits weren’t uncommon! However, the buying power of £1 has changed considerably in 2013 compared to 1983. In 1983, £1 would buy 1.4 pints of beer compared to 0.3 pints currently, while you could get 5.9 Mars bars for £1 compared to just 1.7 now.

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Online Loans: How to Spot the Best Deals

Peter Wilson — Mon, 15 Apr 2013 17:31:21 +0000

With the vast swathe of online loan lenders on the internet, if you’re looking for a great deal on a loan, it’s sometimes hard to know where to start. A quick search will draw thousands upon thousands of results, leaving you feeling a little overwhelmed. If you’re intelligent in the way that you search for an online loan however, there are some fantastic deals available. Here are a few tips that will help you sift through the sea of options and spot the best deals for online loans. The internet is awash with price aggregation and comparison sites. It can be easy to assume that the best deals can be found there, but don’t fall into that trap.

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FAQs – Guaranteed Car Loans

Peter Wilson — Fri, 12 Apr 2013 07:51:32 +0000

The reason we’ve compiled this list of FAQs is because there are such things as guaranteed car loans. If you’ve had problems in the past with your credit and obtaining loans, you may still be eligible for financing. Unfortunately, current bankruptcy means you are unlikely to manage a loan. If you’re in an IVA or a Debt Management Plan and have been out of bankruptcy for 12 months, however, you may still have a chance, even if you’ve been refused before. It all depends on the company you choose for your loan and the amount you need for the car you want.

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